In early January, European Commission President Jean-Claude Juncker warned that a Dutch advisory referendum, which took place today, on the bloc's association agreement with Ukraine could lead to a "continental crisis" if voters reject the treaty.
By Nigel Farage, originally posted in The Telegraph
The Dutch referendum shows how the internet is taking back power from our Europhile elites
Today's Dutch referendum on the EU's expansionist agreement with Ukraine really is the people's referendum.
GeenPeil, a project stemming from the popular Dutch blog GeenStijl, collected some 420,000 signed, verified, signatures triggering this referendum. It is an extraordinary achievement that highlights how western democracy is evolving.
Almost exactly one month ago, on March 10,Mario Draghi unveiled his quadruple bazooka, which among other features, included the first ever monetization of corporate bonds (this has unleashed such an unprecedented scramble for European bonds that there are virtually none left in the open market leading to massive illiquidity and forcing yield chasers to sell CDS instead of buying bonds, thus laying the ground work for the next AIG debacle).
By Dana Lyons of My401kPro.com
In terms of global reach, the post-February equity rally has been a fairly broad advance. Some markets, most notably the U.S., have resumed their former relative strength while other regions, like emerging markets and Latin America, have seen strong mean-reversion bounces from very oversold levels, One region conspicuously lagging during this rally, however, has been Europe.